NOT LISTED FOR SALE

Estimated Value: $5,343,000 - $6,906,000

3 Beds
3.5 Baths
4,299 Sq Ft
9.17 Acres

Last Sold October 31, 2013

Last sale price $4,050,000 $942 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $39,757/month

437 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • City Lights View
  • Fitness Center
  • Heated In Ground Pool
  • Wood Flooring

About This Home

As of October 2013

Developed by Internationally renowned sports & entertainment giant, AEG, and designed by "Starchitecture" firm, Gensler. The Ritz-Carlton Residences at L.A. LIVE is located in the vibrant community of L.A. LIVE, home to numerous entertainment venues & clubs (including STAPLES Center, Nokia Theatre, GRAMMY Museum), 20+ restaurants, 2 hotels & featuring several globally-celebrated events including The GRAMMYs, EMMYs, ESPYS, Music Video Awards and X-Games. Each Residence features elegant details such as Snaidero Cabinetry, Gaggenau appliances, city lights, to ocean views. The hospitality and level of services we've come to expect from The Ritz-Carlton: valet parking, 24/7 concierge services, in-room dining service & housekeeping available on site! Complementing this exceptional experience are a rooftop pool and private cabanas, fully-equipped Fitness Center, 8,000SF full-service Ritz-Carlton Spa & Salon, exclusive Wine Tasting Room, mutli-media screening room and Champions' Sky Lounge.

Last Agent to Sell the Property

William Rose

The Agency Ritz-Carlton Branch License #01302611 Listed on: 07/17/2012

The Agency Ritz-Carlton Branch

Last Buyer's Agent

William Rose

The Agency Ritz-Carlton Branch License #01302611 Listed on: 07/17/2012

The Agency Ritz-Carlton Branch

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $84,945

Year Built

  • Built in 2010

Lot Details

  • 9.17

Parking

  • Subterranean Parking

Home Design

  • Entry on the 47th floor

Interior Spaces

  • 4,299 Sq Ft Home
  • Built-In Features
  • City Lights Views
  • Security System Owned

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

Overview

  • 224 Units
  • High-Rise Condominium
  • 54-Story Property

Amenities

  • Concierge
  • Valet Parking
  • Sauna
  • Meeting Room
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$84,945

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: New Project
  • Street Number Display: Yes
  • Complex Name: The Ritz-Carlton Residences at L.A. LIVE
  • Entry Floor: 47
  • Living Area: 4299
  • Planned Urban Dev: 0
  • Stories: 54
  • Unit Floor In Building: 47
  • Year Built: 2010
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Stone
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.50
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Network Wire, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1037.45

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Community, Heated, Private
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Subterranean
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Community, Owned, T.V.

Association/Amenities

  • Amenities: Concierge, Conference, Controlled Access, Elevator, Exercise Room, Extra Storage, Pool, Sauna, Security, Valet Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 3502.00

Lot Info

  • Assessor Parcel Number: UNAVAILABLE

Multi Family

  • Number Of Units: 224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2012
Closed on
Oct 10, 2013
Sold by
Olympic & Georgia Partners Llc
Bought by
Buss James H
Seller's Agent
William Rose
The Agency Ritz-Carlton Branch
Buyer's Agent
William Rose
The Agency Ritz-Carlton Branch
List Price
$4,430,000
Sold Price
$4,050,000
Premium/Discount to List
-$380,000
-8.58%
Current Estimated Value
$6,163,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,113,679
Avg. Annual Appreciation
3.58%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buss James H $4,050,040 First American Title
Buss James H $4,050,040 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2013 10/31/13 Sold $4,050,000 -9.2% $942 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
08/12/2013 08/12/13 Price Changed $4,460,000 +0.7% $1,037 / Sq Ft
07/26/2013 07/26/13 For Sale $4,430,000 +9.4% $1,030 / Sq Ft
04/01/2013 04/01/13 Off Market $4,050,000 -- --
07/17/2012 07/17/12 For Sale $4,430,000 -- $1,030 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $84,945 $7,003,972 $2,759,140 $4,244,832
2024 $84,945 $6,866,640 $2,705,040 $4,161,600
2023 $83,210 $6,732,000 $2,652,000 $4,080,000
2022 $56,890 $4,678,384 $1,155,155 $3,523,229
2021 $55,855 $4,586,652 $1,132,505 $3,454,147
2019 $54,163 $4,450,611 $1,098,915 $3,351,696
2018 $53,966 $4,363,345 $1,077,368 $3,285,977
2016 $51,636 $4,193,914 $1,035,534 $3,158,380
2015 $50,891 $4,130,919 $1,019,980 $3,110,939
2014 $50,949 $4,050,000 $1,000,000 $3,050,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-613291

The MLS

APN: 5138-027-177